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Saturday, July 31, 2010

MCX INDIA

MCX GOLD SUPPORT & RESISTANCE FOR NEXT WEEK

Major support in MCX Gold is 17900 and 17350Major resistance in MCX Gold is 18900 and 19300

MCX Strategy for next week

SILVERFor the next week traders can use sell on higher level strategy ifSilver sustains below the level of 1880$/1850$ an ounce, andbelow 1700$ an ounce it can further correct. Trade by keeping theproper stop losses.

CRUDEFor the next week traders can use buy on lower level strategy ifNYMEX Crude sustain above the level of 80$ a barrel by keepingthe proper stop loss.

CopperFor the upcoming week 336 and 356 will act as major resistanceand 293 and 272 will act as major supports. For MCX Coppermajor resistance would be 349 and 359 and supports would befound at 306 and 284. MORE MCX TIPS BY SMS